Devon Energy Corporation $DVN Shares Acquired by Polianta Ltd

Polianta Ltd increased its holdings in shares of Devon Energy Corporation (NYSE:DVN) by 46.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,100 shares of the energy company’s stock after purchasing an additional 13,700 shares during the quarter. Polianta Ltd’s holdings in Devon Energy were worth $1,780,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Devon Energy during the fourth quarter worth approximately $25,000. MV Capital Management Inc. acquired a new position in shares of Devon Energy in the 4th quarter valued at $29,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Devon Energy in the 2nd quarter valued at $29,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Devon Energy in the 4th quarter valued at $29,000. Finally, Elyxium Wealth LLC acquired a new stake in Devon Energy during the 4th quarter worth $31,000. 69.72% of the stock is owned by institutional investors and hedge funds.

Devon Energy Stock Down 0.4%

DVN opened at $42.94 on Friday. Devon Energy Corporation has a 52 week low of $31.47 and a 52 week high of $52.71. The business has a 50 day moving average price of $43.46 and a two-hundred day moving average price of $44.87. The company has a quick ratio of 0.94, a current ratio of 0.72 and a debt-to-equity ratio of 0.24. The company has a market cap of $26.68 billion, a PE ratio of 10.20 and a beta of 0.38.

Devon Energy (NYSE:DVN) last announced its earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.17. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.The company had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $6.01 billion. During the same period last year, the business posted $0.84 EPS. The company’s revenue was up 73.1% on a year-over-year basis. As a group, research analysts anticipate that Devon Energy Corporation will post 4.81 EPS for the current year.

Devon Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Devon Energy’s dividend payout ratio (DPR) is 30.40%.

Devon Energy News Roundup

Here are the key news stories impacting Devon Energy this week:

• Positive Sentiment: Strong Q2 performance: Devon exceeded expectations for the quarter ended June 2026, reporting $1.57 in earnings per share versus the $1.40 consensus estimate and revenue of $7.42 billion versus $6.01 billion expected. Production and costs also outperformed guidance. Devon Energy Q2 2026 Earnings Call Highlights
• Positive Sentiment: Cash flow and synergies support shareholder returns: Analysts highlighted approximately $1.66 billion of adjusted free cash flow, progress toward more than $1 billion in merger synergies and a disciplined approach to capital allocation. The company is also reviewing assets that could potentially generate more than $12 billion for debt reduction, reinvestment or shareholder returns. DVN Q2 Earnings Call Takeaways
• Positive Sentiment: Analyst support strengthened: Truist raised its price target from $61 to $65 and maintained a Buy rating. Evercore ISI and Siebert Williams Shank also reaffirmed Buy ratings, signaling continued confidence in Devon’s post-merger outlook. Truist price target update
• Positive Sentiment: Commentary remains favorable on Devon’s expanded Permian acreage, potential asset-sale proceeds and the market’s possible underestimation of the combined company’s operating synergies. The Market Still Underestimates the New Devon
• Neutral Sentiment: Better-than-expected results from Occidental and Murphy Oil reinforce a supportive energy-sector backdrop, although their results do not directly change Devon’s fundamentals. Occidental Q2 Earnings
• Negative Sentiment: The bullish thesis depends on successfully integrating Coterra, capturing planned synergies and completing asset sales at attractive prices. Any delays, weaker oil and gas prices or disappointing proceeds could limit the expected upside and help explain why the stock has decreased despite favorable coverage.

Insider Buying and Selling at Devon Energy

In other news, SVP Andrea Alexander sold 18,000 shares of Devon Energy stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $46.74, for a total value of $841,320.00. Following the sale, the senior vice president owned 138,529 shares of the company’s stock, valued at $6,474,845.46. The trade was a 11.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Adam M. Vela sold 24,342 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $47.21, for a total transaction of $1,149,185.82. Following the transaction, the senior vice president owned 130,540 shares in the company, valued at approximately $6,162,793.40. This trade represents a 15.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 112,371 shares of company stock valued at $5,258,059. 4.58% of the stock is owned by company insiders.

Analyst Ratings Changes

DVN has been the subject of a number of research reports. UBS Group reduced their price target on shares of Devon Energy from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Morgan Stanley dropped their price objective on Devon Energy from $66.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, June 26th. Susquehanna boosted their target price on Devon Energy from $57.00 to $63.00 and gave the company a “positive” rating in a report on Tuesday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Devon Energy in a report on Thursday, June 11th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Devon Energy in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Devon Energy has a consensus rating of “Moderate Buy” and a consensus target price of $59.72.

About Devon Energy

Devon Energy Corporation (NYSE: DVN) is an independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, development, production and marketing of hydrocarbons, including crude oil, natural gas liquids (NGLs) and natural gas. Devon operates as an upstream energy company that acquires, evaluates and develops onshore resource plays using a combination of drilling, completion and production optimization techniques.

Core business activities include identifying and developing energy reserves, operating well programs and managing reservoir performance to generate production and cash flow.